Book on Asset Accounting

Kindly tell me if there is any comprehensive book on Asset accounting like Hurst and Novak for others.I am a biginner at FI- AA.
thanks
Anuradha Ambekar

Hi Anuradha,
Good morning and greetings,
Please buy the following book and it is excellent.
http://www.amazon.co.uk/FICO-Interview-Questions-Answers-Explanations/dp/1933804106/ref=sr_11_1/026-0971671-0222839
You can order through internet or directly from the shop.
Take care
Thanking you
With kindest regards
Ramesh Padmanabhan

Similar Messages

Net Book Value - Asset Accounting

Dear Gurus,
I need a clarification regarding Asset uploading in ECC 5.0.
I have uploaded asset balances upto 31.01.07.(Fiscal Year - Apr to March). I have given the acquicition value in the field '***.acquis.val.' and accumulated depreciation upto 31.01.07 in the field 'Accm.ord.deprec'.
When i execute the depreciation for Feb 2007, system is calculation depreciation on net book value as on 31.01.07. But it has to be calculated on the net book value as on 31.03.06.
Please help me in this problem.
Note: Base value - 24 (Net Book Value) in Multi Level Methods.
Thanks & Regards.
Ganesh

Hi Venkat,
When ever you upload asset balances the below two points to be considered.
First, you need to upload the balaces of assets which were not acquired during the current fiscal year(In your case acquired before 31.03.2007)
Secondly, you need to upload the balances of assets acquired during the year (from 01.04.2007 to cut over date (need to be defined in the system)).
You can use LSMW for uploading.
Regards,
Murali
Assign points if useful

Clarifications in Asset Accounting

Dear Experts,
Please clarify below questions.
1) What is the difference between Depreciation Area and Depreciation Key?
2) What is the importance of Recalculate value button in Asset Accounting?
3) Suppose I have 1000 assets, if I want to run depreciation only for 200 assets how can I do that?
4) If suppose I have 5 Depreciation areas, I am able to see the book depreciation values only, where I
can see the other depreciation values? If we cant see for which purpose we are using other
depreciation areas?
5) Vendor and Customer balances get update regularly or once in a month or year?
6) Where we have to create number ranges either in Production or Development Environment?
7) How can we transfer GLs from one environment to another?
Full points will be assigned as way of thanks
Regards,
Vineela

Hi Krishna,
Thanks for your reply,But still I need some more clarifications please respond........
2) What is the importance of Recalculate value button in Asset Accounting?-
(A)recalculates depr when asset parameters are changed
Where it will be there as it(recalculate button) is not there in AFAB
3) Suppose I have 1000 assets, if I want to run depreciation only for 200 assets how can I do that?
(A)select those 200 and run depreciation
Here Assets Selection option is there only in test run not there in update run.
4) If suppose I have 5 Depreciation areas, I am able to see the book depreciation values only, where I can see the other depreciation values? If we cant see for which purpose we are using other depreciation areas? (A)use AW01N- you cans ee all dep areas
In AW01N only book depreciation values is displayed,how can I see other depreciation area values
Regards
Vineela
Edited by: Vineela Siri on Apr 9, 2008 7:22 AM

Asset Accounting Reports - Can they be run for any selection of dates

Folks,
I have a query - in Asset Accounting, can I run any of the reports (for current fiscal year and closed fiscal years) for any selection of start and end dates? so for example, if I want to run the Asset history sheet for fiscal 2007 (which has been closed in my books), can I run this report for say the month of July 2007 (July 1-31, 2007)?
I was under the impression that asset reports for closed fiscal years could be run for the entire year ONLY!
An early response would be appreciated.
Thx,
Sameer Aroskar

Hi Sameer
I think I did answer this in other forum but anyway here you go again !
Select Transaction OARP >> Depreciation Lists >> RAGAFA01(Posted Depreciation) - Select this and Execute.
Select the require company codes and necessary parameters then under Settings select the Depreciation Posting Period e.g. 4 for the required Report date which can be last day of the month from the required previous years. eg 30.04.2007 etc.
Cheers !
SA
PS: award points if you find the answer useful.

How to delete depreciation areas when a posting is made in asset accounting

Hi All,
We are implementing asset accounting to few of our company codes as a new company code start up project. We have opened depreciation areas for tax for one company code and found that we are not going to use this company code for asset accounting.
We have already opened 2 depreciation areas one for tax and the other as difference between book and tax depr in our development client. One of our member has created an asset and posted values to it. Now, we were told that we dont need to open the depreciation areas. When i am trying to delete it system giving error message saying you cannot delete the derived depr as the values have already been posted.
Please advice how i should proceed with the above issue for deleting the depreciation areas. Your help is much appreciated.
Thanks in advance

Hi Rose,
For the below mentioned issue do the following:
1) reset all the depreciation data ( t code OAGL)
2) reset all the asset account co code data (t code OABL)
then u can go and delete the depreciation areas.
regards,
Kiran

Error - No GL account selected for Asset account in Business partner master

Hi Experts,
Scenario - While adding A/P Invoice for Asset item, the error "Error - No GL account selected for Asset account in Business partner master Message (3518-13)
Awaiting your replies
Regards,
Sid

Hi,
You need to map the control account of that vendor(business partner).
->Open the respective Business Partner master data
->Under accounting tab
->Under General tab
->Control accounts (will be indicated with ... button),on opening this
->You will be prompted to map the control accounts
                                         ^ Down Payment Payables
                                         ^Assets Account
                                         ^Open Debts
Here you need to map the Asset account which also must be a control account(control account option should be checked in the chart of accounts).
Pls do check in the test system,understand the behavior of this account by booking ap invoice and payment,then proceed in the live system.
Hope this is helpful

What is mean of write-up in asset accounting

Dear all,
In asset accounting what is the mean of WRITE-UP.In which case we use this transaction. Can we use this t.code for any movement.
Advise me
Thanks & Regards,
Srinivas

Hi
A write-up is generally understood to be a later change to the valuation of an asset. This change can take different forms, depending on the reasons for the change. There are two common reasons for write-ups:
1.     You forgot to capitalize an asset in a fiscal year that is now closed, and this omission must now be corrected (write-ups to APC are usually called post-capitalization). Current year income statement gets a credit for the extent of post-capitalization amount given the assumption that the Vendor invoice was booked as an expense in the previous fiscal year.
2.     The value adjustments (depreciation) that you calculated in the past were too high. You must now correct this error using a write-up in the current fiscal year. Excessive depreciation generally results from:
u2022     The use of incorrect depreciation terms (incorrect expected useful life, incorrect depreciation key)
u2022     Unplanned depreciation, which is no longer valid in the current situation
u2022     A later reduction in the acquisition and production costs of an asset (for example, due to a subsequent credit memo).
VVR

Asset accounting-QUESTIONS

Hi Gurus,
I got some questions for asset accounting request all of you to kindly extend your help
my questions are
    What is Asset History? ( OAOA)
2)     How the data flows from Asset Accounting to Controlling?
3)     When the asset value is zero and the Company is still using the asset then, how the Company generally proceed to calculate depreciation further? (Curb) (SPRO>Financial Accounting>Asset Accounting>Depreciation>Valuation Methods> Depreciation Key>Calculation Methods> Define Base Methods)
4)     In asset accounting, why 0% Tax code is created for not taxable transaction and why it is compulsory to do it before assigning the chart of depreciation to company code?
5)     What configuration is required to bring all the Fields in depreciation area tap of Asset master creation?(AO21) and (AS01)
[If we make any changes in Tcode AO21 and they are not getting reflected in depreciation area (Last Tab) in creation of asset master (AS01). So how to make the configuration to get those changes reflected in dep. area (last tab) in creation of asset]
6)     What are difference between Germany Chart of Dep. and Great Britain Chart of Dep. (UK)?
Be assured about the points
Thx
Vinod R Khelani

Hello
Charts of depreciation are used in order to manage various legal requirements for the depreciation and valuation of assets. These charts of depreciation are usually country-specific and are defined independently of the other organizational units. A chart of depreciation, for example, can be used for all the company codes in a given country
In the simplest scenario, all of your company codes are in the same country and are subject to the same legal requirements for asset valuation, meaning that you only need one chart of depreciation.
The chart of depreciation consists of the following parts:
In general, you are required to calculate values for assets for different needs, both internal and external (such as book depreciation and cost depreciation). Therefore, the Asset Accounting component enables you to manage values for assets in parallel in up to 99 depreciation areas. The chart of depreciation, therefore, is a directory of depreciation areas organized according to business management requirements. You define the characteristics, and thereby the significance, of the individual depreciation areas in each chart of depreciation. A depreciation area is always assigned to only one chart of depreciation.
You flexibly define the keys for the automatic depreciation of assets in each chart of depreciation. They are based on elements for calculation (calculation methods, period controls, and so on) that are available client-wide.
Use
SAP supplies typical reference charts of depreciation for each country. They have different depreciation areas and depreciation keys depending on that countrys specific requirements. You cannot use these charts of depreciation directly. You must create your own chart of depreciation by copying the reference chart of depreciation. Delete any depreciation areas that are not needed.
You can document the meaning of any chart of depreciation you set up in the system by writing a description for it.
Reg
*assign points if useful

Error during Year-end closing Asset Accounting (AJAB)

Hi,
While executing transaction AJAB (year end closing AA) the system, the system issues a message "Transactions not completely periodically posted". The detailed message is AU075 "Asset balance sheet values not completely posted".
Processing the error message:
While proceeding through the error message details I checked "Define How Dep Areas Post to GL" and found that 4 depreciation areas are maintained as under:
Area/Description/ G/L/ Target Group
01/ Book dep/1 (Area posts in Realtime)/0L (Leading Ledger)
15/Income tax dep/0 (Area does not post)/ Blank
21/ IFRS/ 3 (Area posts dep only)/1F (IFRS Ledger)
Then I clicked on start APC program, which leads to transaction ASKB (Periodic Asset Posting). The transaction could not be posted as document type is not assigned for periodic posting of Asset Values in SPRO>Fin. Accounting (New)>Asset Accounting>Integration with GL Accounting>Post APC values periodically to GL Accounting>Specify document type for periodic posting of asset values.
I've got 2 queries:
1) whether year-end closing can be executed if the document type is assigned and transaction ASKB is run.
2) If the answer to first query is yes, how come the same error did not encounter in other company codes (the error occurred only in 2 company codes). I've also checked the depreciation area maintained in asset masters of the company code where no such problem was encountered and found it to be same as the company code where the problem has occurred.
Seek your expert advise to resolve the issue.
Thanks,
Vipin Patankar

Hi Malhar,
Thanks for your prompt reply. I understand that the issue can be resolved by assigning document type and execute ASKB. At present document type 'AF' is being used for depreciation posting, can we use the same document type for APC value posting or some other document type should be used.
I still need some more highlight on the reason for not facing the problem in other company codes.
Thanks,
Vipin Patankar

Asset accounting - asset year end closing

Dear Experts,
For the year 2008 the depreciation was not processed in asset accounting and now i processed depreciation for the total year from 1 period to 16 th periods by keeping FI period 2008 open and documents were posted successfully. Now i want to close the 2008 period for asset acccounting and i want to open 2009 period for asset accounting .
But i am getting error like Transactions not completely periodically posted. It is taking to 2 paths.
One is Define How depreciation Areas post to General Ledger
Here for my client 3 depreciation areas are there 1) book depreciation 2) Tax depreciation 3) Delta depreciation.
Second is Start APC Posting Programme: When i try run this programme "i am getting message like there are no documents to be posted"
Please help me
Thanks
Balu

Hi,
please read the WIKI guide [Year-End-Closing in Asset Accounting (best practices)|/people/javier.reviriego/blog/2008/07/09/year-end-closing-in-asset-accounting-best-practices].
Even if there are no transaction to be posted, you have to execute the periodic posting run. The run itself will create a protocol entry in any case, if there are values to be posted or not. The fiscal year close process checks thit protocol entry.
Regards,
Markus

Asset Account mapping

Hi,
Can anyone tell me how the asset accounts are mapped to GL recon. account?
Priti

In Asset Accounting asset classes will have account determinations. These account deteminations will link the GL accounts to Asset Accounts
Account Determination is the set of GL accounts that must get effected on asset trasactions like Acquisition, Retirement, Depreciaiton, revaluation, unplanned depreciation etc,.
All Asset Balance sheet accounts are to be created as Reconciliatin accounts.E.g. Asset Book Value, Accumulated Depreciation etc,

Assets accounting :: urgent::

all
we have some assets in my company... there is no grn, po we could not by from anyone that assets
is there any chance book that assets in sap( giveing assets number) without making any payment( without po , grn)
could you explaine me??
regards
ss

Hi Supriya,
If your are not buying an asset for cash, then there is obviously a vendor.
Then If there is no GRN etc. and if you cannot define the vendor under the normal purchases vendor (vendor for materials), then go ahead and define a different vendor account group say for eg: Vendor - assets (name it what ever way you want after confirming), defined this particular vendor under the aforesaid vendor account group.
Then define asset using AS01.
Take the asset number generated, go to f-90, give the vendor number(P Key 31), along with transaction type and then go ahead and give 70 P Key, along with the asset number generated.
hope this is going to help you
regards
soujanya
Edited by: Soujanya Muralidhar on Mar 25, 2008 4:06 PM

Question on SAP Asset Accounting

Dear Friends,
We are working on a new enhancement for our project. In this development we have to implement parallel ledger with Asset Accounting. We have already Asset Accounting implemented, and two months of depreciation already posted. The current COD is now used by 4 company codes across 4 countries.
Our Requirement.
1. We have 4 ledgers. with OL, we have US for US GAAP, and two Nonleading ledger LS, LT for Australia, Local reporting. The requirement is the Asset posting happening in Asset environment should hit all the ledgers( OL, US, LS, LT)
Solution planned - We thought to create a new COD and assign the depreciation areas with the ledger groups . BUT WE ARE NOT SURE HOW CHANGING THE COD IN THE SYSTEM IN THE SYSTEM WILL IMPACT.
2. We have another requirement. for any acquisition of Low Value Asset, we have to
For Australian reporting the entry should be
Asset A/C ....... DR
to Vendor A/C
For US reporting the same transaction entry should be
Asset Expenses A/C ........... DR
To Vendor.
Solution Planned - We planned to create two different Depreciation Area for LVA transaction and for one LVA depreciation area we will maintain Asset Account in APC account and in another LVA depreciation Area we will maintain Asset Expenses GL as APC account. BUT not sure how the system will react.
Please reply the above doubt. We are in a very critical position in our project.
Regards
Ranjan82

HI ,
For point 1
You can define depreciation area and in Integration wth GL you can define the Traget ledger group of posting for each depreciation as below screen shot
For Point 2 you can create a depreciation key with 100 % which will depreciate asset fully in same here and will book as expese . I have done this for many conutries and it works without effecting any other thing in system .
Please test these in you test system and let me know if you need more help .
many Thanks

How to Reconcile Asset accounting data with R/3

Dear BI Experts,
We have developed asset accounting reports in BW.
For user checking need to reconcile with R/3 data.In BW reporting we capturing Asset class,transaction type depreciation are and Net book value start&end year and other values.
For reconciliation which T CODE is use full ?
Please provide some information for reconciliation.
Regards
Ramu

Hi,
You can use "Asset History Sheet" report . i don't really remember the transaction for this.
If you want to reconcile individual assets, use transaction AS03.
-RMP

Ballance sheet and Asset accounting in IFRS

hello every one ,
Currently we are thinking to implement IFRS with New G/L But i wantted to know is there any changes in IFRS Ballance Sheet than GAPP Ballance sheet ?
Similarlly want to know is there any changes need to do in Asset account ? like Derpeciation, Asset cost etc.
Additionay what kind of changes would you suggest in G/L Configuration ?
Thank you in Advance
Deepak Pawar.

Hi,
About your query on Asset accounting Asset Accounting is based on different Depreciation Areas (eg. 01, 40) which are
assigned to different ledger groups (eg. 0L, N1 etc.) reflecting accounting principles (eg. IFRS, Local GAAP). The Book Depreciation Area 01 is linked and posting to the Leading Ledger 0L (and will therefore update all ledgers). Consequently the system needs a Delta Depreciation Area (41) to track the difference between IFRS (01) and Local GAAP (40) and then only to post this differences into the ledger group N1.
Regards,
Krishna Kishore

Book on Asset Accounting

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